オプションチェーンは、Enbridgeの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Enbridgeの市場センチメントを評価します。.

Enbridge (NYSE:ENB) 株価情報, オプションチェーン

Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the us and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

Enbridge Inc

ENBRIDGE INC 5.50% PFD A by Enbridge Inc.

ENBRIDGE INC PREF SER 13 by Enbridge Inc.

ENB FINANCIAL CORP PA by ENB Financial Corp.

ENB Financial Corp

ENBRIDGE INC RE PRF SER 7 by Enbridge Inc.

President-elect Donald Trump&#8216;s move to impose 25% tariffs on Canada can thwart the growth of the stock markets and affect corporate profits, inflation, transportation and oil marketing companies.
What Happened: This comes as Goldman Sachs head of commodities research, Daan Struyven told <a href="https://www.bloomberg.com/news/articles/2024-11-27/goldman-sees-significant-hit-to-us-from-trump-s-canada-tariffs">Bloomberg </a>that &#8220;The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the U.S.&#8221;
&#8220;He said that tariffs could significantly affect U.S. consumers, U.S. refiners, and Canadian producers," on Wednesday. In order for American producers to export more of their own oil, the U.S. imports almost 4 million barrels of Canadian crude a day. Struyven added that this could be a &#8220;negotiating tool.&#8221;
"Given the focus from Trump to lower energy costs, we think Canada tariffs are somewhat unlikely,&#8221; he added
U.S. and Canada along with Mexico signed the United States–Mexico–Canada Agreement as an update to North American Free Trade Agreement, or NAFTA in 2020. It allowed for mostly duty-free trade between the three countries. Trump&#8217;s threat of tariffs would seem to violate the terms.
Also read: <a href="https://www.benzinga.com/general/market-summary/24/11/42206673/trumps-running-mate-vice-president-pick-and-venture-capitalist-jd-vance-holds-etfs-bitcoin-and-more-here-is-a-look-at-his-portfolio">JD Vance&#8217;s Investment Playbook Has Bitcoin And ETFs: Here&#8217;s What Else The VP-Elect Is Betting On</a>
Why It Matters: As higher Canadian tariffs could raise the domestic fuel prices in the U.S., it will impact the corporate profits of many companies and increase both, consumer and producer price inflation.
The input costs of transportation and oil marketing companies can increase, which may lower their profits and stock prices. Also, investors may want to short the stocks of these companies when oil prices are high.
A few of the many transportation companies that would get affected by this include, Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), CSX Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), Old Dominion Freight Line Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), TFI International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFII#NYSE">TFII</a>), Knight-Swift Transportation Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>), XPO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) and Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>).
Similarly, companies like Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), BP plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>), Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), Enbridge Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) are a few oil marketing companies that my bear the direct brunt of this.
Read next: <a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them">Michael Saylor&#8217;s MicroStrategy Convertible Notes To Buy Bitcoin Offer No Interest, So Why Are Investors Rushing To Buy Them?</a>
Photo by Hamara via Shutterstock

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Macro Economic Events

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Market Summary

News

Economics

Markets

ODFL

SHEL

TFII

UBER

Trump's Tariff Threat To Canada May Disrupt Oil Markets, Inflate Prices: 'Would Likely Raise The Price Of Fuels,' Says Analyst

RBC Capital analyst Maurice Choy reiterates Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) with a Outperform and maintains C$59 price target.

Price Target

Reiteration

Analyst Ratings

TSX:ENB

RBC Capital Reiterates Outperform on Enbridge, Maintains C$59 Price Target

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reported quarterly earnings of C$0.55 per share which missed the analyst consensus estimate of C$0.56 by 1.79 percent. This is a 11.29 percent decrease over earnings of C$0.62 per share from the same period last year. The company reported quarterly sales of C$14.882 billion. This is a 51.18 percent increase over sales of C$9.844 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Enbridge Q3 2024 Adj. EPS C$0.55 Misses C$0.56 Estimate, Sales C$14.882B Up From C$9.844B YoY

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reported quarterly earnings of C$0.55 per share which missed the analyst consensus estimate of C$0.56 by 1.79 percent. This is a 11.29 percent decrease over earnings of C$0.62 per share from the same period last year.

Enbridge Q3 2024 Adj. EPS C$0.55 Misses C$0.56 Estimate

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is set to give its latest quarterly earnings report on Friday, 2024-11-01. Here's what investors need to know before the announcement.
Analysts estimate that Enbridge will report an earnings per share (EPS) of $0.44. 
Enbridge bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company missed EPS by $0.04, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Enbridge's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.46</td>
<td>0.60</td>
<td>0.50</td>
<td>0.440</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.42</td>
<td>0.68</td>
<td>0.47</td>
<td>0.462</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730383236_0.png" alt="eps graph" />
<h3>Enbridge Share Price Analysis</h3>
Shares of Enbridge were trading at $40.59 as of October 30. Over the last 52-week period, shares are up 20.07%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ENB/earnings">To track all earnings releases for Enbridge visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at Enbridge's Upcoming Earnings Report

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is gearing up to announce its quarterly earnings on Friday, 2024-11-01. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Enbridge will report an earnings per share (EPS) of $0.44.
Investors in Enbridge are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.04, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Enbridge's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.46</td>
<td>0.60</td>
<td>0.50</td>
<td>0.440</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.42</td>
<td>0.68</td>
<td>0.47</td>
<td>0.462</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730383229_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Enbridge were trading at $40.59 as of October 30. Over the last 52-week period, shares are up 20.1%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ENB/earnings">To track all earnings releases for Enbridge visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Enbridge's Earnings Outlook

Contracts

MSFT

Enbridge Partners With Microsoft To Use AI To Drive Advancements In Safety, Emissions Reduction, And Asset Optimization Across Its Operations

Large Cap

Commodities

General

Enbridge Will Build, Own, And Operate Crude Oil And Natural Gas Pipelines In US Gulf Of Mexico For Kaskida Development, Operated By Bp Exploration & Production Company, Detailed Design And Procurement Activities Will Start In Early 2025 And Be Operational By 2029, With Cost Of ~$700M

Enterprise Products Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is currently considered undervalued, trading at a 9.81x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 11.89x.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/79322.jpg?v=432385788" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
While a discount valuation often presents a potentially profitable opportunity for investors, it is essential to investigate whether the partnership is facing any internal challenges. A more comprehensive analysis is required to determine if EPD&#39;s discounted valuation is justified based on its fundamentals, growth prospects and prevailing market conditions.
<h2>EPD&#39;s $7B Key Projects &amp; Handsome Distribution Yield</h2>
Enterprise Products, a top-tier North American midstream service provider, boasts a vast and diversified asset portfolio. This includes more than 50,000 miles of pipelines and a storage capacity of 300 million barrels. These assets are utilized by shippers on long-term contracts to transport and store natural gas liquids, crude oil, refined products and petrochemicals. The partnership also has 14 billion cubic feet of natural gas storage capacity, securing stable fee-based revenues.
Additionally, EPD is set to generate additional fee-based earnings with $6.7 billion worth of major capital projects either currently in service or under construction. These project backlogs will not only secure stable cashflows but will also generate handsome unit-holder returns.
<img alt="Enterprise Products Partners LP" src="https://staticx-tuner.zacks.com/images/articles/charts/42/75535.jpg?v=193354622" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Enterprise Products Partners LP
Supported by its stable and resilient business model, Enterprise Products has achieved 26 consecutive years of distribution hikes. The current distribution yield of the partnership stands at 7.2%, higher than 6.5% of the composite stocks belonging to the&nbsp;industry.
Distribution Yield
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/31/79324.jpg?v=379506337" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>EPD to Buy Pinon Midstream: Additional Fee-Based Earnings?</h2>
On Aug. 21, Enterprise Products announced an agreement to acquire Pi&ntilde;on Midstream for $950 million in an all-cash transaction. Pi&ntilde;on, a key player in gas gathering, compression and treating, operates in the Delaware Basin, a sub-basin of the Permian.
Once the acquisition of all the equity interests in Pi&ntilde;on is completed, likely in the fourth quarter of this year, Enterprise Products will secure additional fee-based earnings. This is because Pi&ntilde;on&#39;s assets, comprising 50 miles of natural gas gathering pipelines, compressor stations and treating facilities with plans for significant capacity expansion, are backed by long-term fee-based contracts, minimizing exposure to commodity price fluctuations and reducing volume risks.
Pi&ntilde;on operates a premier sour gas treatment system in the Delaware Basin, an area with significant untapped potential. With the acquisition, EPD will be able to establish a significant presence in the basin much faster.
<h2>Should Investors Take a Chance on Undervalued EPD Stock?</h2>
Despite these positive developments, the partnership&#39;s stock is trading at a discount to its true value. Year to date, its units have jumped 17.3%, lagging the industry&#39;s composite stock growth of 24.2%. Prominent midstream companies such as Kinder Morgan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>) and Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) have also surpassed EPD, achieving gains of 31% and 20.5%, respectively, during the same timeframe.
Year-To-Date Price Chart
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/64/79326.jpg?v=1283134383" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
It appears that Enterprise Products has the potential to outperform the industry once the stock market begins to acknowledge its true value. However, there are concerns surrounding the stock, particularly regarding EPD&#39;s rising long-term debt, which is near its highest level in over a decade. This debt is primarily being utilized to finance substantial capital projects, and analysts worry that significant debt reduction may not occur in the near term. Recently, the company issued $2.5 billion in bonds at relatively favorable rates, but current borrowing rates exceed historical averages, resulting in increasingly rapid interest payments.
While EPD is currently undervalued, investors are probably better off not buying the stock until there is greater clarity on the partnership&#39;s future. Those who already own the stock should hold on to it. The stock carries a Zacks Rank #3 (Hold) at present.
Notably, major brokers have increased EPD&#39;s short-term price target by 14.1% from its recent closing price of $29.25, with the highest target set at $37, indicating a potential upside of 26.5%. Consequently, current investors holding their units stand to benefit from this upward price trend in the interim.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/40/79323.jpg?v=1169870962" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<a href="https://www.zacks.com/stock/news/2342205/is-enterprise-s-cheap-valuation-an-opportunity-to-invest-in-the-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2342205">To read this article on Zacks.com click here.</a>

Bonds

Trading Ideas

Is Enterprise's Cheap Valuation an Opportunity to Invest in the Stock?

RBC Capital analyst Maurice Choy maintains Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) with a Outperform and raises the price target from C$54 to C$55.

RBC Capital Maintains Outperform on Enbridge, Raises Price Target to C$55

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reported quarterly earnings of $0.58 per share which missed the analyst consensus estimate of $0.64 by 9.38 percent. This is a 14.71 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $5.291 billion which missed the analyst consensus estimate of $5.713 billion by 7.39 percent. This is a 13.08 percent increase over sales of $4.679 billion the same period last year.

Enbridge Q2 2024 Adj. EPS C$0.58 Misses C$0.64 Estimate, Commodity Sales C$5.291B Miss C$5.713B Estimate

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reported quarterly earnings of $0.58 per share which missed the analyst consensus estimate of $0.64 by 9.38 percent. This is a 14.71 percent decrease over earnings of $0.68 per share from the same period last year.

Enbridge Q2 2024 Adj. EPS C$0.58 Misses C$0.64 Estimate

FANG

WhiteWater, MPLX, And Enbridge Partner With Targa Resources To Construct Blackcomb Pipeline After Securing Agreements With Major Shippers Including Devon Energy, Diamondback Energy, Marathon Petroleum, And Targa Resources

Enbridge Says Co Did Experience Some Impacts To Business Applications As A Result Of The CrowdStrike Update; All Energy Infrastructure Is Stable And Operating As Normal, No Assets Are At Risk; Most Applications Are Now Restored And No Further Impacts Are Expected

Enbridge&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) is once again under scrutiny as the U.S. Department of Justice (&quot;DOJ&quot;) has proposed amendments to a 2016 consent decree. This change could mandate Enbridge to address previously identified cracks in its extensive Lakehead pipeline system, including the controversial Line 5.
The backdrop to this development dates back to 2010 when two significant oil spills from ENB&#39;s pipelines near Marshall, MI, and Romeoville, IL, resulted in severe environmental damage. These spills led to the unlawful discharge of oil into U.S. waters, triggering a lawsuit by the United States under the Clean Water Act and the Oil Pollution Act. The legal action sought civil penalties, recovery of cleanup costs and injunctive relief to prevent future incidents.
In 2017, a Consent Decree approved by the United States District Court for the Western District of Michigan established stringent requirements for Enbridge&#39;s network of 14 pipelines, collectively known as the Lakehead System. This decree included specific criteria for selecting and repairing pipeline sections, imposing interim pressure restrictions, and monitoring for features such as cracks detected through In-Line Inspections.
The latest proposed modifications specifically target how Enbridge handles circumferential cracks that encircle the pipeline rather than running lengthwise. These changes would require Enbridge to reassess such cracks using new methodologies tailored to the unique threats posed by circumferential cracks. This reassessment would consider all potential stresses that could cause these cracks to grow and ultimately fail, obligating ENB to schedule any necessary repairs promptly.
The impetus for these proposed changes can be traced back to the catastrophic 2010 oil spill from Enbridge&#39;s Line 6b near Marshall, MI. This rupture released more than a million gallons of oil into Talmadge Creek and the Kalamazoo River, going undetected for several hours and causing extensive environmental damage.
The DOJ and Enbridge reached a settlement agreement in 2016 to resolve the lawsuits stemming from the Marshall and Romeoville spills. Now, with the proposed amendments, the DOJ aims to ensure that ENB takes more proactive and comprehensive measures to address pipeline integrity issues, particularly focusing on circumferential cracks.
The Lakehead System, which spans the Midwest, includes Line 5, a 71-year-old pipeline that runs beneath the ecologically sensitive Straits of Mackinac. This segment of the pipeline has been a focal point of environmental concerns and legal battles, with advocates calling for its shutdown due to the potential risk of an oil spill in the Great Lakes.
Once approved, the proposed changes to the consent decree could significantly impact Enbridge&#39;s operations, compelling the company to adopt enhanced safety measures and ensure the long-term integrity of its pipeline network. This move underscores the ongoing efforts by federal authorities to mitigate environmental risks and hold energy companies accountable for the safe operation of their infrastructure.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Enbridge carries a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like&nbsp;GeoPark Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gprk#NYSE">GPRK</a>),&nbsp;Sunoco LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>) and&nbsp;The Williams Companies, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmb#NYSE">WMB</a>). GeoPark and Sunoco currently sport a Zacks Rank #1 (Strong Buy), whereas Williams Companies carries a Zacks Rank #2 (Buy).
GeoPark, based in Hamilton, Bermuda, is an explorer, operator and consolidator in the oil and gas sector. The company primarily operates in Chile, Colombia, Brazil and Argentina. It has a Zacks Style Score of A for Value and Growth.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $3.23 and $3.98, respectively. The company has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes more than 10 fuel brands, ensuring a stable revenue stream. SUN currently has a Value Score of A.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $7.29 and $7.17, respectively. The partnership has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
Williams Companies is a premier energy infrastructure provider in North America. The company&#39;s core operations include finding, producing, gathering, processing and transportation of natural gas and natural gas liquids.WMB is paying out its shareholders an attractive dividend yielding around 5%.&nbsp;
The Zacks Consensus Estimate for WMB&#39;s 2024 and 2025 EPS is pegged at $1.79 and $2.03, respectively. The company has a Zacks Style Score of B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
<a href="https://www.zacks.com/stock/news/2300176/enbridge-enb-faces-doj-pressure-for-pipeline-crack-repairs?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2300176">To read this article on Zacks.com click here.</a>

Government

Regulations

Small Cap

GPRK

Enbridge Faces DOJ Pressure for Pipeline Crack Repairs

Enbridge Says All Of Its Assets Along, Or Near, The U.S. Gulf Coast Are Up And Operating Except For Tres Palacios Gas Storage Facility In Texas; Pausing Operations At Tres Palacios Gas Storage Facility In Texas As A Precaution Due To Storm Beryl And Working With Upstream And Downstream Customers

Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) has unveiled plans for an expansion of the Westcoast Pipeline in British Columbia to address the rising natural gas demand in the province and the U.S. Pacific Northwest.
The Sunrise Expansion Program suggests extending the southern segment of the pipeline, referred to as Transmission-South.
The expansion project will add a 137-kilometer looping pipeline with a 42-inch diameter, significantly boosting the natural gas transportation capacity by 300 million cubic feet per day. The development is intended to ensure a steady supply of natural gas for various uses, including heating homes and businesses, powering hospitals and schools, and generating electricity.
The Westcoast Pipeline, operational for 70 years, has a history dating back to the 1950s when the initial 30-inch diameter pipeline was installed, followed by a 36-inch diameter pipeline in the 1970s. The system is regulated by the Canada Energy Regulator (&quot;CER&quot;) as it is an interprovincial pipeline.
Enbridge submitted its application for the Sunrise Expansion Program to the CER on May 30, 2024. The company anticipates starting construction in 2026, with a projected completion date by the end of 2028.
Westcoast Energy Inc., an Enbridge subsidiary, owns and operates the extensive Westcoast/BC Pipeline system, which spans more than 2,900 kilometers from Fort Nelson and Gordondale near the Alberta border to the Canada-U.S. border and Huntington/Sumas.
To minimize the project&#39;s impacts on local communities, Enbridge will implement a socio-economic management plan, recognizing the presence of indigenous groups in the area. The project will include temporary lodging and parking facilities, requiring approximately 10 acres of land to accommodate up to 120 workers during construction.
Furthermore, the company is committed to prioritizing workplace health and safety training, human rights protection, and human trafficking prevention awareness throughout the project.
The Sunrise Expansion Program reflects Enbridge&#39;s commitment to meeting the growing energy needs, while addressing socio-economic and environmental considerations in the regions it serves.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Enbridge carries a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked companies mentioned below. The three companies presently carry a Zacks Rank #2 (Buy).
Enterprise Products Partners&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is among the leading midstream energy players in North America. It has an extensive network of pipelines that spreads across more than 50,000 miles.
The Zacks Consensus Estimate for EPD&#39;s 2024 and 2025 earnings per share is pegged at $2.73 and $2.87, respectively. The company has a Zacks Style Score of A for Value and Momentum. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
ProPetro Holding Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pump#NYSE">PUMP</a>) is an oilfield services provider operating primarily in the Permian Basin spread over West Texas and New Mexico. ProPetro&#39;s strategic transition to next-generation equipment, including FORCE electric fleets, underscores its market leadership and cutting-edge technology.
The Zacks Consensus Estimate for PUMP&#39;s 2024 and 2025 EPS is pegged at 67 cents and 83 cents, respectively. The company has a Zacks Style Score of A for Value and B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
USA Compression Partners, LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usac#NYSE">USAC</a>) is one of the largest independent natural gas compression service providers across the United States in terms of fleet horsepower. USA Compression Partners earns its revenues from the overall horsepower use of natural gas transported rather than the price. As such, the partnership is largely insulated from fluctuations in commodity prices.
The Zacks Consensus Estimate for USAC&#39;s 2024 and 2025 EPS is pegged at 77 cents and 98 cents, respectively. The company has a Zacks Style Score of B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
<a href="https://www.zacks.com/stock/news/2288018/enbridge-enb-announces-plans-to-expand-westcoast-pipeline?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2288018">To read this article on Zacks.com click here.</a>

PUMP

USAC

Enbridge Announces Plans to Expand Westcoast Pipeline

Enbridge Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>)&nbsp;gas unit is under scrutiny following claims from Canadian labor union Unifor that the company plans to cut its emergency response shifts in Toronto, aiming to reduce costs. Per a Reuters report, the cuts, if implemented, might affect evening and overnight shifts, along with compliance tasks like valve checking and inspections.
Unifor has raised alarms over the proposed reductions, urging local government agencies in Toronto to scrutinize Enbridge&#39;s contracts related to the maintenance and safety of natural gas lines. Lana Payne, the national president of Unifor, expressed concerns in a letter to government authorities, highlighting that the absence of overnight shifts would necessitate increased reliance on emergency services, delay critical interventions, and elevate the risk of gas incidents, ultimately placing the public at risk.
Earlier this year, Enbridge Gas implemented substantial job cuts, eliminating hundreds of positions. This move was part of its cost-reduction strategy, following the acquisition of three U.S. gas utilities from Dominion Energy for $14 billion.
Despite the job cuts, Enbridge Gas asserts that its emergency response capabilities remain intact. The company stated in an email to Reuters that the claim of insufficient employees to provide emergency response is categorically false.
According to the report, Enbridge Gas also mentioned that it is actively engaging with Unifor and working through the grievance and arbitration process to address the union&#39;s concerns.
As the situation unfolds, the focus remains on the potential impact on public safety and the effectiveness of Enbridge&#39;s emergency response capabilities in Toronto.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Enbridge carries a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like Archrock Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>), Sunoco LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>) and SM Energy Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>). While Archrock and Sunoco sport a Zacks Rank #1 (Strong Buy) each, SM Energy carries a Zacks Rank #2 (Buy) at present.
Archrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
The Zacks Consensus Estimate for AROC&#39;s 2024 EPS is pegged at $1.07. The company has a Zacks Style Score of A for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over 10 fuel brands, ensuring a stable revenue stream. SUN currently has a Value Score of A.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $7.29 and $7.17, respectively. The partnership has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company&#39;s attractive oil and gas investments should create long-term value for shareholders.
The Zacks Consensus Estimate for SM&#39;s 2024 EPS is pegged at $6.63. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
<a href="https://www.zacks.com/stock/news/2285879/enbridge-enb-gas-faces-union-backlash-over-toronto-shift-cuts?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2285879">To read this article on Zacks.com click here.</a>

AROC

Enbridge Gas Faces Union Backlash Over Toronto Shift Cuts

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said he likes Enbridge Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>). &#8220;I trust that management <a href="https://www.benzinga.com/quote/ENB/analyst-ratings">team,&#8221; he added</a>.
On May 10, Enbridge posted better-than-expected quarterly earnings.
Lazard, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) is a good buy here, Cramer said. &#8220;I do believe that things are going to get a little less onerous&#8230; when it comes to takeovers.&#8221;
On May 20, Lazard announced that Ben Braun joined the firm as managing director and global head of Media, Entertainment &amp; Sports Advisory.
Cramer recommended staying away from AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) as there are so many great companies. &#8220;We don't need to be in that one,&#8221; he added.
On May 15, AST SpaceMobile and AT&amp;T announced a definitive commercial agreement.
The &#8220;Mad Money&#8221; host said Advanced Drainage Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMS#NYSE">WMS</a>) is &#8220;another incredible infrastructure play.&#8221;
On May 16, Advanced Drainage Systems posted upbeat quarterly sales.
Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) has &#8220;made it all the way back. Halleluiah for them,&#8221; Cramer said.
On May 20, Zebra Technologies announced the launch of a $500 million senior unsecured note private offering.
Jacobs Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) is doing &#8220;very well,&#8221; Cramer said. &#8220;I would want to own it.&#8221;
Last week, Jacobs announced the appointment of Venk Nathamuni as the company&#8217;s new chief financial officer, effective June 3.
&#8220;Let's stick with domestic,&#8221; Cramer said when asked about Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>).
Last week, Brazil President Luiz Inacio Lula da Silva fired Petrobras CEO following a dispute over dividend payments.
Cramer said he is not going to say no to Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>). &#8220;It has been a company that has not made money but is about to break out and make money,&#8221; he noted.
On May 1, Sarepta Therapeutics reported better-than-expected first-quarter financial results.
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is fine, Cramer said. &#8220;It's got good commercial and good military.&#8221;
On May 6, Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million.
Price Action:
<ul>
<li>Lazard shares gained 0.4% to settle at $41.16 on Tuesday.</li>
<li>Enbridge shares closed at $36.78 on Tuesday.</li>
<li>Petroleo Brasileiro shares slipped 0.7% to settle at $15.02.</li>
<li>Advanced Drainage System shares gained 1.1% to settle at $179.24 on Tuesday.</li>
<li>AST SpaceMobile shares fell 10.8% to settle at $4.71.</li>
<li>Zebra Technologies shares gained 0.5% to close at $321.78 on Tuesday.</li>
<li>Palantir shares fell 1.8% to close at $21.24.</li>
<li>Sarepta Therapeutics shares fell 1.3% to settle at $129.12.</li>
<li>Shares of Jacobs Solutions gained 1.4% to close at $ 138.79 during Tuesday's session.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38939401/top-5-health-care-stocks-which-could-rescue-your-portfolio-this-month">Top 5 Health Care Stocks Which Could Rescue Your Portfolio This Month</a>
Photo: Shutterstock

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Press Releases

Enbridge Announces Conversion Results for Series 3 Preferred Shares

Enbridge Completes Acquisition of Public Service Company of North Carolina, Incorporated

Dominion Energy Announces Closing of Sale of Public Service Company of North Carolina

Enbridge Sanctions Pipelines to Support bp's New Deepwater U.S. Gulf of Mexico Development

Enbridge Inc. to Host Webcast to Discuss 2024 Third Quarter Results on November 1

Enbridge Collaborates with Microsoft to Use AI for Enhanced Safety, Emissions Reduction, and Asset Optimization

Dividends

Enbridge Inc. Declares Quarterly Dividends

Enbridge Reports Strong Third Quarter 2024 Financial Results, Executes on Business Priorities, and Reaffirms Financial Guidance and Outlook

Enbridge Provides Notice of Series 9 Preferred Shares Conversion Right and Announces Reset Dividend Rates

Enbridge Announces Conversion Results for Series 9 Preferred Shares

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